Elderstreet VCT plc : Interim Management Statement

Elderstreet VCT plc
Interim Management Statement
for the three months ended 30 September 2013

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Elderstreet VCT plc presents an Interim Management Statement for the three month period ended 30 September 2013. The statement also includes relevant financial information between the end of the period and the date of this statement.

Performance

	30 Sept 2013	30 Jun 2013	31 Mar 2013	31 Dec 2012
	Pence	Pence	Pence	Pence
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Net asset value per share	69.4	70.3	67.5	68.9
Cumulative dividends paid per share	60.0	60.0	58.0	58.0
Total return per share	129.4	130.3	125.5	126.9

*NAV plus cumulative dividends paid since launch

Dividends
On 28 August 2013, the Company declared an interim dividend of 2.0p per Ordinary Share for the year to 31 December 2013, payable on 6 December 2013 to Shareholders on the register at 8 November 2013.

Investment portfolio summary at 31 March 2013

	Cost	Valuation	Valuation movement between 1 Jul 2013 and 30 Sep 2013
	£'000	£'000	£'000
Venture capital investments (by value)
Wessex Advanced Switching Products Limited	60	3,085	-
Fords Packaging Systems Limited	1,047	3,018	-
Smart Education Limited	687	2,397	-
AngloINFO Limited	1,108	1,483	-
Access Intelligence plc*	1,633	1,325	(194)
Lyalvale Express Limited	915	1,255	-
SnackTime plc*	1,775	787	157
B & F Management Limited	700	700	-
Baldwin & Francis (Holdings) Limited	690	690	-
Concorde Solutions Limited	500	500	-
Interquest Group plc	336	476	125
The Engine Group Limited	455	359	-
Mears Group plc	188	335	28
Cashfac Initiative Limited	260	328	-
Aconite Technology Limited	462	210	(478)
Fulcrum Utility Services Limited	500	198	(44)
Rosebowl plc	187	47	-
Sift Limited	250	38	-
Servoca plc	333	36	3
SparesFinder Limited	104	34	-
The Kellan Group plc	657	7	-
City Visitor Group plc	127	-	-
The National Solicitors Network Limited	501	-	-
The QSS Group Limited	268	-	-
	13,743	17,308	(403)
Fixed income securities
United Kingdom 2.25% Gilt 07/03/2014	830	852	(4)
United Kingdom 1% Gilt 07/09/2017	614	607	(1)
S&W Investments Funds Cash Fun	10	10	-
	1,454	1,469	(5)
Total	15,197	18,777	(408)

All investments are unquoted unless otherwise stated.
*Quoted on AIM

Investment additions
There have been no additions in the period ended 30 September 2013 and between the period end and the date of this announcement.

Investment disposals during the three months ended 30 September 2013

	Cost	Valuation at 1 January 2013	Disposal proceeds	Gain in period against cost	Total realised gain
	£'000	£'000	£'000	£'000	£'000
Smart Education Limited	74	74	74	-	-

There have been no disposals between the period end and the date of this announcement.

Changes to share capital

	Ordinary Shares of 5p each
	Shares	£'000
As at 1 July 2013	30,948,108	1,547
Shares bought back and cancelled	-	-
As at 30 September 2013	30,948,108	1,547

There have been no changes to share capital between the period end and the date of this announcement.

Material events
Other than described above, there were no material events during the period from 1 July 2013 to 30 September 2013 or in the period from 1 October 2013 to the date of this announcement.

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This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Elderstreet VCT plc via Thomson Reuters ONE

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